BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) in a research report report published on Thursday,Digital Look reports. The firm currently has a GBX 300 target price on the stock.

BTA has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 150 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, June 9th. Finally, UBS Group reissued a “sell” rating and set a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 215.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

About BlackRock Long-Term Municipal Advantage Trust’s

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).